MOSCOW (MRC) -- Asahi Glass has begun shipping polyvinyl chloride (PVC) from the Anyer plant at Cilegon, Indonesia, following completion of an expansion program at PT Asahimas Chemical, said the producer on its site.
The ceremony also included a ground breaking for a new power plant at the site. Commercial production at the expanded chlor-alkali facility will start in the first quarter this year. PT Asahimas Chemical is owned 52.5% by Asahi Glass, 11.5% by Mitsubishi Corp. and 18% each by the local Rodamas and Ableman Finance.
With the aim of taking in the increasing demand in the caustic soda and polyvinyl chloride (PVC) markets in Southeast Asia, the production facility enhancement at the Anyer Plant was launched in 2013 to significantly boost the output of caustic soda and vinyl chloride in Indonesia.
The caustic soda and polyvinyl chloride (PVC) markets in Southeast Asia are projected to grow at over 5% per year. Of the demand in the market, Indonesia, Thailand and Vietnam, where AGC has production bases for the chlor-alkali business, account for 70%.
As MRC informed earlier, Asahi Glass Co Ltd (AGC) in March 2015 announced that it would increase the production capacity of the polyvinyl chloride (PVC) facility at Phu My Plastics & Chemicals Co Ltd (PMPC), AGC’s subsidiary engaged in PVC business in Vietnam. PMPC’s PVC production capacity will be increased by 50% to 150,000 tonnes from the current 100,000 tonnes per year, which will make the Asahi Glass Group’s total PVC production in Southeast Asia 700,000 tonnes per year. The operation is scheduled to commence at the beginning of 2016.
Asahi Glass Co., Ltd., more commonly known as AGC, is a global glass manufacturing company, headquartered in Tokyo. It is one of the core Mitsubishi companies.